MidCap Financial Investment (NASDAQ:MFIC) Stock Rating Upgraded by Raymond James Financial

Key Points

• MidCap Financial Investment has been upgraded from a "hold" rating to a "moderate buy" rating by Raymond James Financial, with a price target of $13.50 indicating a potential upside of 15.19% from the current stock price.
• The company reported earnings of $0.39 per share for the recent quarter, exceeding analysts' expectations of $0.37, despite a slight revenue miss with $81.25 million compared to the consensus estimate of $81.70 million.
• Institutional investors currently own 28.45% of MidCap Financial Investment, reflecting increased interest with several funds acquiring new stakes in the company during the first half of the year.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) was upgraded by Raymond James Financial from a "hold" rating to a "moderate buy" rating in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage presently has a $13.50 price target on the stock. Raymond James Financial's target price indicates a potential upside of 15.19% from the stock's current price.

A number of other equities research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods downgraded shares of MidCap Financial Investment from an "outperform" rating to a "market perform" rating and set a $14.00 target price for the company. in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. cut their target price on shares of MidCap Financial Investment from $12.50 to $12.00 and set a "neutral" rating for the company in a research report on Wednesday, October 1st. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $13.00 target price on shares of MidCap Financial Investment in a research report on Monday, August 25th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of MidCap Financial Investment in a research note on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $13.42.

MidCap Financial Investment Stock Up 0.1%

MFIC stock opened at $11.72 on Tuesday. MidCap Financial Investment has a 12-month low of $10.18 and a 12-month high of $14.74. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 1.49. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 10.85 and a beta of 1.03. The company has a 50 day moving average of $12.58 and a two-hundred day moving average of $12.49.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. MidCap Financial Investment had a net margin of 30.60% and a return on equity of 10.44%. The company had revenue of $81.25 million during the quarter, compared to the consensus estimate of $81.70 million. On average, equities analysts anticipate that MidCap Financial Investment will post 1.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MFIC. Wealth Preservation Advisors LLC acquired a new position in MidCap Financial Investment in the 1st quarter valued at $26,000. Ransom Advisory Ltd acquired a new position in MidCap Financial Investment in the 1st quarter valued at $28,000. Ameritas Advisory Services LLC bought a new stake in MidCap Financial Investment in the 2nd quarter valued at $32,000. Signaturefd LLC boosted its holdings in MidCap Financial Investment by 88.5% in the 2nd quarter. Signaturefd LLC now owns 3,387 shares of the company's stock valued at $43,000 after purchasing an additional 1,590 shares during the period. Finally, Access Investment Management LLC bought a new stake in MidCap Financial Investment in the 2nd quarter valued at $50,000. 28.45% of the stock is currently owned by institutional investors and hedge funds.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.

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